The Shrewsbury conveyancing firm handling our Shrewsbury conveyancing has uncovered a difference between the surveyor’s assumptions in the valuation survey and what is revealed within the title deeds. My solicitor has advised that he needs to check that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Why do I have to pay up front when it comes to conveyancing in Shrewsbury?
Where you are retaining lawyers for conveyancing in Shrewsbury your lawyer will ask you place them with monies to cover the search fees. Normally this is called for to cover the fees of the conveyancing searches. When the down payment is as part of the sale price then this will be required immediately before exchange of contracts. The closing balance that is needed will be payable a couple of days prior to the completion date.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Shrewsbury. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/12/2025, the requirements read as follows :
How simple is it to use your search facility to find a conveyancing practitioner in Shrewsbury on the approved list for my bank?
First pick a bank such as Barclays , Skipton Building Society or Bank of Ireland then specify your preferred area e.g. Shrewsbury. Conveyancing firms in Shrewsbury and across England and Wales will then be listed.
My father-in-law has urged me to appoint his conveyancing solicitors in Shrewsbury. Should I use them?
Much as we are happy to recommend a Shrewsbury conveyancing lawyer it’s preferable to select a conveyancing lawyer is to get referrals from friends or family who have used the solicitor you're contemplating using.
Can you provide any top tips for leasehold conveyancing in Shrewsbury with the purpose of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Shrewsbury can be avoided if you appoint lawyers the minute you market your property and ask them to put together the leasehold documentation needed by the buyers’ conveyancers. Many landlords or Management Companies in Shrewsbury charge for supplying management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for delay in leasehold conveyancing in Shrewsbury. In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Most leases in Shrewsbury state that internal structural alterations or laying down wooden flooring require a licence issued by the Landlord acquiescing to such changes. If you dont have the consents in place do not communicate with the landlord without contacting your conveyancer before hand. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share certificate. Organising a re-issued share certificate is often a time consuming formality and slows down many a Shrewsbury conveyancing transaction. Where a duplicate share is necessary, do contact the company officers or managing agents (where applicable) for this at the earliest opportunity.
Shrewsbury Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
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Does the lease include onerous restrictions? Does the lease have more than 80 years unexpired? Are there any major works on the horizon that will add a premium to the maintenance charges?